Share with your friends

Nigeria: Collection of company tax liabilities from executives, directors

Nigeria: Collection of company tax liabilities

The Federal Inland Revenue Service (FIRS) yesterday, 19 August 2019, issued a notice informing companies with bank accounts currently under a tax lien “freeze” of the need to regularize their tax status within 30 days.


Related content

The FIRS stated that it will proceed to enforce payment of the company’s tax liabilities from the company directors, managers, secretaries, and other principal officers without further notice following expiration of the 30-day window.

Freeze on bank accounts

In 2018, the FIRS began sending letters to Nigerian banks directing them to “freeze” the bank accounts of certain corporate banking customers because of unpaid tax liabilities. However, the FIRS suspended the bank account freeze order in February 2019, for a period of 30 days during which taxpayers with frozen bank accounts were expected to regularize their tax situations.

In March 2019, following expiration of the 30-day period, the FIRS issued a follow-up notice informing taxpayers of the resumption of the tax lien freeze on bank accounts of taxpayers having unsatisfied tax liabilities.

The August 2019 notice reinforces these collection efforts for unpaid tax liabilities,

Read an August 2019 report [PDF 120 KB] prepared by the KPMG member firm in Nigeria

© 2021 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organization please visit

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today